FIU-IND and NHB Sign MoU for Enhanced Coordination

The Financial Intelligence Unit (FIU-IND) and the National Housing Bank (NHB) on Saturday signed a Memorandum of Understanding (MoU) as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laundering Act and Rules framed thereunder in New Delhi.

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According to a Ministry of Finance release, the MoU was signed by Vivek Aggarwal, Director, FIU-IND and Sanjay Shukla, Managing Director, NHB.

As part of the agreement, each Party to the MoU will appoint a nodal officer and an alternate nodal officer to interact with the other party.

The MoU outlines a framework for cooperation on anti-money laundering and counter Financing of Terrorism (CFT) activities, with a focus on the housing finance sector in India.

Under the memorandum, each party will appoint a primary and an alternate nodal officer. These officers will serve as the main points of contact for facilitating communication and collaboration between the two entities.